Penn State retains James Franklin with deal through 2031

Penn State rewarded coach James Franklin with a 10-year contract on Tuesday that is worth $70 million in guaranteed money.The deal runs through the 2031 season.Franklin, 49, had been rumored to be a possible target of Southern California and LSU for their coaching openings.In addition to the guaranteed money, Franklin will receive a $500,000 annual retention bonus as well as others bonuses tied to Big Ten and College Football Playoff performances and Coach of the Year honors. The Penn State Board of Trustees’ subcommittee on compensation approved the terms.Franklin is 67-32 in eight seasons at Penn State but is just 11-9 over the past two seasons. The Nittany Lions are 7-4 this season and 4-4 in the Big Ten entering Saturday’s game at Michigan State.Franklin guided Penn State to a 42-11 mark in a four-season span from 2016-19. The team recorded victories in the Fiesta (2017) and Cotton (2019) bowls, and lost in the Rose Bowl (2016).He also has recruited top-notch players to the school. With less then a month until the early signing period, Penn State has the No. 1 Class of 2022 in the Big Ten — topping Ohio State — and the No. 5 overall class in the country, according to 247Sports.Athletic director Sandy Barbour said it was crucial to keep Franklin at Penn State.”We are excited to have James Franklin lead our football program for a long time,” Barbour said in the news release. “We will continue our collective efforts to constantly improve in all aspects of our program. We have made, and will need to continue to make, significant investment in our football program because we believe we have a very bright future under James.